US investors benefit as Sweden introduces fully-regulated Bitcoin ETN

XBT Provider AB has introduced an exchange-traded note (ETN), called Bitcoin Tracker One on 15th August. The new launch will be beneficial to investors in the US, who have been for a long time expecting the Bitcoin exchange-traded funds (ETFs) and seeking regulatory approval to reach markets. The ETFs will be likely a boost to the sector.

In an interview with Bloomberg, Ryan Radloff, CEO of CoinShares Holdings, said: “Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona. Given the current climate on the regulatory front in the US, this is a big win for Bitcoin.”

As per the CEO’s outlook, the latest launch is promising. “I do see this as a competitive product. Our products historically have not traded at a premium and are liquid.”